💻 Ethereum: The Backbone of Web3 🌐
You’ve probably heard of Ethereum, but it’s much more than just another cryptocurrency. It’s a decentralized platform that’s redefining how the internet — and money — work.
⚙️ What Is Ethereum?
Ethereum is a blockchain — a global, public computer that anyone can use — created by Vitalik Buterin in 2015. Its native currency, Ether (ETH), powers the network.
Unlike Bitcoin, which mainly tracks who owns what, Ethereum can also run code. This makes it a foundation for:
• 🧠 Smart contracts: Self-executing programs that run exactly as written — no intermediaries.
• 💰 DeFi (Decentralized Finance): Lending, trading, and investing without banks.
• 🎨 NFTs: Unique digital assets, from art to in-game items.
• 🪙 DAOs (Decentralized Autonomous Organizations): Internet-native communities that govern themselves with code.
🔋 Why It Matters
Ethereum aims to build a more open, transparent, and user-owned internet — often called Web3.
It’s the most actively used blockchain today, with thousands of apps (DApps) running on it.
🌱 The Green Upgrade
In 2022, Ethereum transitioned to proof-of-stake (The Merge) — cutting its energy use by over 99% and making it far more sustainable.
🚀 What’s Next?
With ongoing upgrades like sharding and layer 2 scaling, Ethereum is getting faster, cheaper, and more scalable — paving the way for global adoption.
